First Regional Bank

Headquarters

1801 Century Park East
Los Angeles, CA 90067
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.65% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

First Regional Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1979 and has approximately $2.08 billion in assets.

First Regional Bank, Los Angeles, California, was closed January 29, 2010 by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of First Regional Bank.

FDIC Insured Yes
FDIC Certificate # 23011
Date Established 1979
Assets $ 2.08 billion
Loans $ 1,877.63 million
Deposits $ 1,664.45 million
Capital $ 120.28 million
 

For a more detailed analysis of First Regional Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

 

Loan Rates - June 27, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Regional Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
5.454% 5.375%
0.88 points
$2,200 fees
$1,400 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

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Branches

First Regional Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Regional Bank Locations



Climate Initiatives

First Regional Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

First Regional Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Regional Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Regional Bank U.S. Bank Average
195% 3.95%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2021, First Regional Bank had $364,259,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $120,282,000 in equity and $66,522,000 in loans loss reserves. That gives it a Texas Ratio of 195%.

Return on Equity
First Regional Bank U.S. Bank Average
-71.22% 10.50%

First Regional Bank has a Return on Equity of -71.22% versus the BestCashCow average of 10.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Regional Bank U.S. Bank Average
5.78% 11.55%

First Regional Bank has a Capitalization of 5.78% versus the BestCashCow average of 11.55. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Regional Bank Balance Sheet Analysis

As of November 30, -0001, First Regional Bank had assets of $2,082,684,000, loans of $1,877,629,000, and deposits of $1,664,450,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,877.63 million
Loan loss allowance $ 66.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,664.45 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 2.08 billion

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Regional Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Regional Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

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